India to start up three LNG terminals by 2019
India is expanding its LNG import capacity by building three new terminals, but higher prices and slow progress on pipelines could weigh on growth in the country’s gas consumption India is expanding its LNG import capacity by building three new terminals, but higher prices and slow progress on pipelines could weigh on growth in the country’s gas consumption.
20 February 2018
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India’s Kochi LNG terminal. (Petronet LNG)
The startup of three LNG terminals will increase India’s import capacity by around 60% by 2019, but relatively slow progress on the construction of pipelines and the high cost of LNG compared with domestic gas means imports may not grow in line with capacity.
India is a price-sensitive market for LNG, and future demand growth will largely depend on the price of the fuel, according to Manek Narang, associate director of CARE Ratings & Research.
“Prices are the major factor impacting how much LNG India...
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